Investing in Wind Power: The Definitive Guide
Wind power is one of the most prevalent forms of alternative energy in the world, as numerous countries have taken major steps towards weening themselves off of fossil fuels. Currently, wind power amounts to just over 2% of the world’s energy supply, but at current robust growth rates, this figure is predicted to hit 8% by 2018. From the years 2000 to 2011, global wind power capacity has increased from just 17.4 GW to 239 GW, representing a 1,274% change, as this budding industry is enjoying exponential growth in technology. While wind energy companies have yet to recover from the financial crisis, the investor who gets into this market before it kicks off again could reap the benefits [for more wind news and analysis subscribe to our free newsletter].
A Deeper Look At America’s Commodity Industry
According to the CIA World Fact Book, the United States operates the largest single-country economy in the world. Its gross domestic product for 2011 was estimated at $15.3 trillion, trailing the European Union, which is comprised of 27 different countries, by only $360 billion. China remains in third place, as the developing economy continues to see rapid growth in recent years due to its build out of industrial capacity and its growing class of individual consumers. Growth in the U.S., however, remains subdued below 2%. The global economic slowdown has certainly hampered the nation’s growth, but there still remains a few economic bright spots, namely the advancement of domestic energy production [for more commodity news and analysis subscribe to our free newsletter].
